(Reuters) - Manchester United have replaced European champions Real Madrid as the world's most valuable soccer team, according to the annual list published by Forbes on Tuesday.
United were valued at $3.69 billion, an 11 percent jump compared to last year. That was a testament to the team's powerful brand and marketing acumen, Forbes said in a statement.
Barcelona were second on the list with a value of $3.64 billion while Real Madrid, who held top spot for the last four years, fell to third place with a value of $3.58 billion.
Rounding out the top five were Bayern Munich ($2.71 billion) and Manchester City (2.08 billion).
Six Premier League teams featured in the top 10, with United and City joined by Arsenal ($1.93 billion), Chelsea ($1.85 billion) Liverpool ($1.49 billion) and Tottenham Hotspur ($1.06 billion).
German champions Bayern Munich ($2.71 billion) were ranked fourth while Serie A champions Juventus ($1.26 billion) were ninth.
Forbes also said the average value of the top 20 teams rose 3 percent over last year to $1.48 billion.
Reporting by Frank Pingue in Toronto; Editing by Toby Davis